The last two years have proved to be exciting in terms of CDC production.
During this period, construction activity has been in full force in East
Little Havana and other distressed communities in Miami-Dade County.
Overtown also witnessed the completion of several housing projects.
Greater Miami LISC's five-year production goals are to build 500 units
for homeownership, 750 units of rental housing and 150,000 square feet
of commercial space by 2005. If CDC production continues at the current
pace, it is estimated that LISC and its partner CDCs will be able to
meet their real estate development goals on schedule.
Below is a description of the projects which the 15 LISC supported CDCs
completed in 2002 and 2003, as well as those projects which are currently
in progress:
Completed in 2002
BAME completed the Miami River Park Apartments, a multifamily
apartment building with 211 rental units. It also completed 12 units
of supportive rental housing.
Carrfour finished the Carrfour Villa Aurora, a mixed-use 46 bed
transitional housing facility for the homeless and hard-to-house.
Centro Campesino completed construction on 21 detached single
family homes for first time homebuyers.
Miami Beach CDC accomplished several housing projects, including
20 units of condos for first time homebuyers, 16 rehabbed rental units
for families and 18 units of supportive housing. The CDC also completed
a 10,000 sq ft facility for office and community use.
Completed To Date in 2003
Carrfour made available an additional 126 units of supportive
rental housing.
Little Haiti Housing Association acquired and rehabbed an 11,000
sq ft facility to be used for office space and community activities.
Opa-Locka CDC completed renovation on the historic Opa-Locka
Train Station, a 3,300 sq ft commercial facility. The CDC also completed
development on two single family units for homeownership.
Projects Currently In Progress
BAME has a project for 41 single family detached homes currently
under construction in Overtown. This project is expected to reach completion
in 2004.
The Black Archives is currently undertaking the expansion of
the Lyric Theater. The expansion is a 15,000 sq ft state-of-the-art
cultural facility. Construction is scheduled to be completed in 2004.
Centro Campesino is building 40 units of detached single family
housing for first time home buyers and an 11,655 sq ft community center
with office space.
East Little Havana CDC is expected to finish construction on
the Latin Quarters Specialty Center by the end of 2003. This is a mixed-use
project with 45 condo units and 15,000 sq ft of commercial/retail space.
Jubilee CDC is working in East Little Havana. Their project,
Jubilee Villas, will offer 30 condos for homeownership.
Miami Beach CDC is developing 20 units of condos for first time
homebuyers in scattered sites. They are also rehabilitating a 29 unit
rental apartment.
Opa-Locka CDC is currently building a two-story complex with
216 rental units. The CDC is also developing five single family homes
for homeownership.
West Perrine CDC is expected to complete 30 homeownership units
in South Dade by the end of 2003.
In total, the projects that are under construction represent 211 homeownership
units, 245 rental housing units and 41, 655 sq ft of commercial space.
The next few years promise to be bustling in development.
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